Ajanta Pharma
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| Company type | Public Company |
|---|---|
| Industry | Pharmaceuticals, Drugs & Healthcare |
| Founded | 1973, 51 years |
| Headquarters | , India |
Key people | Yogesh Agrawal, Managing Director. Rajesh Agrawal, Joint Managing Director |
| Products | Branded Generic Formulations / Medicines |
| Revenue |  ₹2,916 crore (US$350 million) (2020–2021) |
Number of employees | 7,000+ |
| Subsidiaries | |
| Website | http://www.ajantapharma.com/ |
| Footnotes / references ;[1][2][3] | |
Ajanta Pharma Limited, also known by the acronym APL, is a multinational company based in India engaged in development, manufacturing, and marketing of pharmaceutical formulations. It has a presence in India, the United States, and about 30 other countries in Africa, South East Asia, West Asia, and CIS. It was established in 1973.
Markets and business
[edit]Ajanta Pharma has over 1,400 products registered currently in various countries and an equal number of products are under approval. In India, the company is a branded generic company focused on a few high growth specialty therapies in ophthalmology, dermatology, cardiology, and pain management.
Ajanta Pharma exports products to over 30 countries in Asia and Africa. In these markets, the company serves a wide range of therapeutic products in the areas of antimalarial, cardiovascular, gastrointestinal, antibiotic, dermatology, antihistamine, multivitamin, gynecology, and pain management.
Ajanta Pharma has recently stepped up its presence in the United States with a select product portfolio, which includes niche and complex technology products. Currently, the company has 27 products in the US market.[4]
History
[edit]In the early 2000s, Ajanta was noted as a major source of foreign currency, alongside Reddy Labs, arising from sales in Southeast Asia.[5] In particular, in 2003, a joint-venture between Ajanta and the Ministry of Health in Turkmenistan accounted for fully half of the pharmaceutical needs of the country.[5] The company had made several other joint-ventures with regional governments, such as Uzbekistan, Kazakhstan, Kyrygyzstan and Tajikistan, which it severed in the 2010s due to their being unprofitable.[6]
The company experienced an enormous loss in 2005[nt 1] in terms of diminution of the value of investments, amounting to four times the year's profits.[7] That same year, the company was noted as having the highest sales in India for any Indian pharmaceutical company, with sales of ₹13.56 billion.[8]
In 2015, the company was highlighted as having had exceptional stock appreciation over the preceding four years, and the listing of the stock on the BSE 500 was noted.[9] By 2019, the stock was listed on the S&P BSE 200 index.[10]
Manufacturing facilities
[edit]Ajanta Pharma operates seven manufacturing facilities in India. Six facilities manufacture finished formulations, including Dahej and Paithan plants which is approved by the US FDA and Guwahati plant which caters to domestic and emerging markets. Another plant manufactures active pharmaceutical ingredients (APIs) primarily for captive consumption.
Legal proceedings
[edit]Bayer[nt 2] filed suit before the Delhi High Court accusing Ajanta of patent infringement on the erectile dysfunction treatments vardenafil and vardenafil hydrochloride.[11] Ajanta argued that Bayer was not using its patent in India for the benefit of India, which led the court to provide partial relief to an injunction granted to Bayer, allowing Ajanta to manufacture but not sell the product, in January 2017.[11] Bayer and Ajanta reached an unspecified agreement after mediation was ordered by the court in February 2017.[11]
References
[edit]- ^ a b "Welcome To Ajanta Pharma". Ajantapharma.com. Retrieved 29 February 2016.[self-published source]
- ^ a b "Stock Snippets". Daily Market Insights. TriFid Research. 15 June 2016. p. 2 – via Internet Archive.
Ajanta Pharma announced the launch of anti-dementia Memantine Hydrochloride tablets in the US market through its wholly-owned subsidiary Ajanta Pharma USA Inc.
- ^ a b "Ajanta Pharma Limited - Our Business". Company. Retrieved 29 February 2016.[self-published source]
- ^ "Profit After Tax at 14% of Revenue (3rd Quarter & 9 Months, FY 2019 Consolidated Results)" (PDF) (Press release). Ajanta Pharma Limited. Archived from the original (PDF) on 27 September 2020.
- ^ a b Lal, Rollie (2006). Central Asia and Its Asian Neighbors: Security and Commerce at the Crossroads. United States: Project Air Force (Rand). pp. 32–3. ISBN 0-8330-3878-8 – via Google Books (Preview).
- ^ GOI Considering Russian Thrust in Central Asia (Partial extract from original diplomatic, classified cable). United States Department of State. 26 September 2015. p. 2. Retrieved 8 December 2019 – via Internet Archive.
- ^ "Investments". Accounting & Analysis: The Indian Experience (Professional ed.). Global Data Services of India (CRISIL). 2006. p. 153. ISBN 9788190342704 – via Google Books (Preview).
- ^ Thukral, R. K., ed. (2016). India Top 10 Year Book 2016. New Delhi, India: Publication Cell (Datanet India). p. 85. ISBN 978-93-80590-60-8 – via Google Books (Preview).
- ^ Oberoi, Rahul (April 2015). "Bullish Moves: We discuss three ratios that can help identify good stocks". Money Today. Vol. 10, no. 4. New Delhi, India: India Today Group. p. 49 – via Internet Archive.
- ^ "Ajanta Pharma Ltd Live Stock Price, Ajantpharm Live Share Price, 532331". BSE. 8 December 2019. Archived from the original on 9 December 2019. Retrieved 8 December 2019.
- ^ a b c Kleyn, Madelein; van Wyk, Louis, eds. (2019). International Pharmaceutical Law and Practice. LexisNexis. pp. §14.09[11]. ISBN 9781579114725 – via Google Books (Preview).
Notes
[edit]Patent applications in India
[edit]- 1998—Gazette of India, 31 October 1998, p. 1087; Gazette of India, 26 February 2000, p. 116
- 1999—Gazette of India, 18 September 1999, p. 843; Gazette of India, 4 March 2000, p. 123; Gazette of India, 20 October 2001, p. 1886
- 2000—Gazette of India, 24 June 2000, p. 477; Gazette of India, 30 June 2001, p. 867; Gazette of India, 14 October 2001, p. 975; Gazette of India, 8 June 2002, p. 1178; Gazette of India, 6 September 2003, p. 4006
- 2001—Gazette of India, 29 March 2003, p. 1200
- 2002—Gazette of India, 15 February 2003, p. 518; Gazette of India, 20 March 2004, p. 1748; Gazette of India, 29 May 2004, p. 4014
Products subject to price control in India
[edit]- Clinidipine+Metroprolol tablets—Gazette of India, Extraordinary, 21 December 2018, p. 8
- Timolol+Brinzolamide eye drops—Gazette of India, Extraordinary, 2 November 2018, p. 21
External links
[edit]- Ajanta Pharma, "One of the Giants of Tomorrow" - Fortune India’
- Ajanta Pharma Ltd Listed in 'Forbes India - Super 50 Companies'
- Ajanta Pharma Ltd |Company Profile
